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MYANMAR: New Companies Must Be 75% Locally-Staffed Within Six Years of Launch Date

New companies requiring skilled workers will be entitled to fill up to 75% of their vacancies with overseas staff under new government guidelines. By the end of their sixth year of operation, however, all such companies must have sourced at least 75% of their staff locally.

Companies will also be obliged to initiate training programmes for local staff in order to close the skills gap. Businesses have until the end of January 2017 to submit proposals for their in-house staff development programmes to the Myanmar Investment Commission.

Content provided by Picture: HKTDC Research
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